JPMorgan Chase & Co said China provided a "safe haven" for global stock markets.

On Wednesday, JPMorgan Chase & Co Asian equity strategist Mixo Das said in an interview with the media:

If investors focus on the challenges of all markets, China is indeed a place that stands out, providing flexibility or a safe haven against many of these risks.

At present, China is the most worthy market to buy.

Optimism about pro-growth policies, coupled with loosened restrictions, has pushed the CSI 300 benchmark index close to a bull market.The index is up nearly 19 per cent from its April low and is still 1 per cent away from entering a technology bull market; the MSCI China index is up 27 per cent from its March low.

Das added that these measures put the Chinese stock market "in a very favorable position", especially when relative valuations are low. Data compiled by the media show that the Chinese stock market is trading at 13.1 times dynamic earnings over the next 12 months.

In the segment, JPMorgan Chase & Co prefers high-quality growth stocks and believes that the most popular Chinese stocks are those related to the Internet, green ecosystem and health care.

A growing number of market participants have become more optimistic about China's prospects this month, with JPMorgan Chase & Co, a strategist based in Hong Kong, joining them, helping the CSI index outperform its global peers this quarter, its biggest quarterly gain since 2014.

After Goldman Sachs Group held a "constructive" view on Chinese stocks, Tilmann Galler, global market strategist at JPMorgan Chase & Co, also said:

Compared with other central banks in Europe and the United States, the PBoC has more flexibility to support the economy.

More importantly, the direction of fiscal policy is also changing. Government support is growing.

Goldman Sachs Group also maintains an overweight view of the Chinese stock market, arguing that the MSCI China index has 20 per cent room to rise over the next 12 months, mainly because of policy support.